Data: Addresses holding over 1 million ADA collectively hold about 67% of the circulating supply

According to Crowdfund Insider, recent on-chain data shows that wallets holding at least 1 million ADA tokens collectively hold about 25.09 billion ADA, accounting for approximately 67% of the total circulating supply, the highest level since July 2020.

Despite the price of ADA dropping more than 70% over the past nine months, these large holders continue to accumulate.